Ferguson Wellman Capital Management Inc. Reduces Holdings in DuPont de Nemours, Inc. $DD

Ferguson Wellman Capital Management Inc. lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DDFree Report) by 66.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,837 shares of the basic materials company’s stock after selling 5,677 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in DuPont de Nemours were worth $385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. State Street Corp grew its position in DuPont de Nemours by 1.2% in the fourth quarter. State Street Corp now owns 18,412,070 shares of the basic materials company’s stock worth $740,165,000 after acquiring an additional 215,928 shares during the period. Auto Owners Insurance Co increased its stake in DuPont de Nemours by 4,275.8% during the fourth quarter. Auto Owners Insurance Co now owns 17,552,405 shares of the basic materials company’s stock worth $70,561,000 after acquiring an additional 17,151,278 shares during the last quarter. Invesco Ltd. raised its position in DuPont de Nemours by 64.4% in the fourth quarter. Invesco Ltd. now owns 14,514,600 shares of the basic materials company’s stock valued at $583,487,000 after purchasing an additional 5,686,490 shares during the period. Geode Capital Management LLC raised its position in DuPont de Nemours by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 11,019,892 shares of the basic materials company’s stock valued at $441,285,000 after purchasing an additional 74,355 shares during the period. Finally, Nuveen LLC lifted its stake in shares of DuPont de Nemours by 18.9% in the 4th quarter. Nuveen LLC now owns 10,662,674 shares of the basic materials company’s stock valued at $428,639,000 after purchasing an additional 1,695,097 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DD. BMO Capital Markets increased their price target on DuPont de Nemours from $75.30 to $180.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Citigroup upped their target price on shares of DuPont de Nemours from $168.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. The Goldman Sachs Group lifted their price target on shares of DuPont de Nemours from $53.00 to $159.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. UBS Group boosted their price target on shares of DuPont de Nemours from $175.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Royal Bank Of Canada dropped their price objective on DuPont de Nemours from $180.00 to $176.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $166.60.

Get Our Latest Research Report on DD

DuPont de Nemours Trading Down 1.4%

NYSE DD opened at $136.81 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.82 and a current ratio of 2.43. The firm has a market cap of $18.47 billion, a price-to-earnings ratio of 304.08, a PEG ratio of 1.25 and a beta of 1.06. The firm has a 50 day simple moving average of $139.06 and a 200-day simple moving average of $141.26. DuPont de Nemours, Inc. has a one year low of $92.49 and a one year high of $157.98.

DuPont de Nemours (NYSE:DDGet Free Report) last announced its earnings results on Tuesday, August 4th. The basic materials company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.12. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. DuPont de Nemours had a net margin of 0.67% and a return on equity of 6.92%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 EPS. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. Equities research analysts anticipate that DuPont de Nemours, Inc. will post 7.27 EPS for the current fiscal year.

DuPont de Nemours Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.8%. DuPont de Nemours’s dividend payout ratio is currently 533.33%.

DuPont de Nemours Company Profile

(Free Report)

DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.

DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.

Further Reading

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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